Financial Traders Monitor Data on Computer Screens (Photographer: Krisztian Bocsi/Bloomberg)

Stocks Radar: GAIL, Jet Airways, Minda Industries, Tata Motors

Indian equity benchmarks edged higher led by gains in IT heavyweights such as Infosys Ltd., Tech Mahindra Ltd. and HCL Technologies Ltd.

The S&P BSE Sensex Index rose as much as 0.4 percent to 34,470, while the NSE Nifty 50 Index advanced as much as 0.3 percent to 10,460.

Seventeen out of the 19 sectoral gauges compiled by BSE were trading higher led by the S&P BSE Information Technology Index’s 1.35 percent gain. On the flipside, the S&P BSE Oil & Gas Index was the top loser, down 0.42 percent.

Here Are The Stocks Moving The Market This Morning

Tata Motors: Slumps As Q4 Profit Halves

Shares of the Jaguar Land Rover owner fell as much as 4.4 percent to a 27-month low to Rs 295.80.

The company's profit halved in the March-ended quarter as losses at its Indian business continued and U.K. subsidiary JLR was hit by slower sales growth.

Trading volume was 6.4 times its 20-day average. Tata Motors trades at 13.4 times trailing 12-month earnings per share and 8.3 times its estimates for the coming year, Bloomberg data showed.

Stocks Radar: GAIL, Jet Airways, Minda Industries, Tata Motors

Also read: CLSA, Jefferies Slash Tata Motors’ Target Price On JLR Woes

GAIL: Swings Ahead Of Earnings

Shares of the state-run natural gas distributor swung between gains and losses and traded at Rs 317 ahead of its results announcement.

GAIL India trades at 21.2 times trailing 12-month earnings per share and 15 times its estimates for the coming year, according to Bloomberg data. The stock has declined 14 percent so far this year but gained 10 percent in the past 52 weeks.

JM Financial: Swings After New 'Buy' Rating

Shares of the financial services provider swung between gains and losses and traded at Rs 131.55.

International brokerage and research firm Credit Suisse initiated coverage with ‘Neutral’ rating with a price target of Rs 150. The target price implies a potential upside of 14 percent from the last regular trade.

JM Financial trades at 22.5 times trailing 12-month earnings per share and 18 times its estimates for the coming year, according to Bloomberg data.

Minda Industries: Gains On Heavy Volumes

Shares of the auto parts maker rose as much as 5.2 percent to a four-month high to Rs 1,350.

Trading volume was 12.8 times its 20-day average. The Relative Strength Index was 78, indicating that the stock may be overbought. The stock returned 138 percent over the past year, compared to 15.3 percent advance in Sensex.

Jet Airways: Falls After Weak Q4

Shares of the airline operator fell as much as 12.1 percent to a 15-month low at Rs 370.05. The company reported a loss during January-March, according to its stock exchange filing.

Key earnings highlights (Q4, QoQ):

  • Revenue up 9 percent at Rs 5,925 crore.
  • Net loss of Rs 1,036 crore.
  • Ebitdar loss at Rs 178 crore.
Stocks Radar: GAIL, Jet Airways, Minda Industries, Tata Motors

Other Stocks Reacting To Earnings

Apollo Pipes (Q4, YoY)

  • Stock rose as much as 10 percent to Rs 628.65.
  • Revenue up 16 percent at Rs 74 crore.
  • Net profit up 140 percent at Rs 12 crore.
  • Other income of Rs 6 crore in the current quarter.
  • Ebitda up 14 percent at Rs 12 crore vs Rs 10.5 crore.
  • Margin at 16.2 percent from 16.4 percent.

Repco Home Finance (Q4, YoY)

  • Stock rose as much as 1.7 percent to Rs 585.50.
  • Net interest income up 11 percent at Rs 122 crore.
  • Net profit up 12 percent at Rs 57 crore.

Sunteck Realty (Q4, YoY)

  • Stock rose as much as 4.9 percent to Rs 438.
  • Revenue up 50 percent at Rs 207 crore.
  • Net profit up 140 percent at Rs 12 crore.
  • Earnings before interest, tax, depreciation and amortisation up 59 percent at Rs 107.4 crore.
  • Ebitda margin at 51.9 percent from 48.9 percent.

Jain Irrigation (Q4, YoY)

  • Stock fell as much as 9.6 percent to Rs 92.50.
  • Revenue up 26 percent at Rs 2,778 crore.
  • Net profit up 26 percent at Rs 97 crore.
  • Ebitda up 24 percent at Rs 401 crore.
  • Margin at 14.4 percent from 14.7 percent.

Bayer Cropscience (Q4, YoY)

  • Stock fell as much as 3.9 percent to Rs 4,350.
  • Revenue up 39.5 percent at Rs 300 crore.
  • Net loss of Rs 13 crore.
  • Ebitda loss at Rs 16.5 crore.

Eros International Media (Q4, YoY)

  • Stock rose as much as 9 percent to Rs 129.60.
  • Revenue up 32 percent at Rs 239 crore.
  • Net profit up 79 percent at Rs 61 crore.
  • Ebitda up 129 percent at Rs 90.5 crore.
  • Margin at 37.9 percent.

KPIT Tech (Q4,QoQ)

  • Stock rose as much as 4.9 percent to Rs 270.80.
  • Revenue up 6 percent at Rs 966 crore.
  • Net profit up 23 percent at Rs 76 crore.
  • EBIT up 8 percent at Rs 84 crore.
  • Margin at 8.7 percent.

SML Isuzu (Q4, YoY)

  • Stock rose as much as 2.7 percent to Rs 794.95.
  • Revenue up 0.6 percent at Rs 368.1 crore.
  • Net profit up 56.8 percent at 14.9 crore.
  • Ebitda up 35.8 percent at Rs 24.3 crore.
  • Margin at 6.6 percent versus 4.9 percent.

Natco Pharma (Q4, YoY)

  • Stock rose as much as 4.8 percent to Rs 827.75.
  • Revenue up 36 percent at Rs 768 crore.
  • Net profit up 69.5 percent at Rs 300 crore.
  • Ebitda up 58.9 percent at Rs 383.5 crore.
  • Margin at 49.9 percent versus 42.7 percent.

Rupa (Q4, YoY)

  • Stock rose as much as 8.3 percent to Rs 469.90.
  • Revenue up 10.1 percent at Rs 420.3 crore.
  • Net profit up 70.5 percent at Rs 39.9 crore.
  • Ebitda up 66.7 percent at Rs 67.5 crore.
  • Margin at 16.1 percent.

L&T Infotech (Q4, QoQ)

  • Stock rose as much as 4.1 percent to Rs 1,659.90.
  • Revenue up 6 percent at Rs 2,001 crore.
  • Net profit up 2 percent at Rs 289.5 crore.
  • EBIT down 9 percent at Rs 255.5 crore.
  • Margin at 12.8 percent.

IGL (Q4, QoQ)

  • Stock rose as much as 2.9 percent to Rs 270.40.
  • Revenue up 4 percent at Rs 1,233 crore.
  • Net profit up 5 percent at Rs 174 crore.
  • Ebitda up 11 percent at Rs 291 crore.
  • Margin at 23.6 percent.

Shipping Corporation of India (Q4, YoY)

  • Stock rose as much as 4.3 percent to Rs 64.60.
  • Revenue up 2 percent at Rs 917 crore.
  • Net profit up 174 percent at Rs 254.5 crore.
  • Tax credit of Rs 278 crore in current quarter.
  • Ebitda down 39 percent at Rs 140 crore.
  • Margin at 15.3 percent.

Premier Explosives (Q4, YoY)

  • Stock rose as much as 6.3 percent to Rs 344.
  • Revenue up 15.1 percent at Rs 83.3 crore.
  • Net profit down 70.2 percent at Rs 2.5 crore.
  • Ebitda down 23.7 percent at Rs 5.8 crore.
  • Margin at 7 percent.

GE T&D (Q4, YoY)

  • Stock fell as much as 9.2 percent to Rs 329.05.
  • Revenue down 32 percent at Rs 814 crore.
  • Net profit down 39.7 percent at Rs 27.8 crore.
  • Ebitda down 89.1 percent at Rs 12 crore.
  • Margin at 1.5 percent.

Shalimar Paints (Q4, YoY)

  • Stock fell as much as 4.6 percent to Rs 113.
  • Revenue down 18.8 percent at Rs 60.2 crore.
  • Net loss at Rs 16.1 crore.
  • Ebitda loss at at Rs 10.3 crore.

PNC Infratech (Q4, YoY)

  • Stock rose as much as 7.6 percent to Rs 178.
  • Revenue up 116.2 percent at Rs 759 crore.
  • Net profit up 230.9 percent at Rs 111.5 crore.
  • Ebitda up 236.1 percent at Rs 161 crore.
  • Margin at 21.2 percent versus 13.6 percent.